NewEdge Advisors LLC lessened its stake in shares of DoubleLine Mortgage ETF (NYSEARCA:DMBS – Free Report) by 71.1% in the first quarter, HoldingsChannel reports. The firm owned 12,053 shares of the company’s stock after selling 29,721 shares during the quarter. NewEdge Advisors LLC’s holdings in DoubleLine Mortgage ETF were worth $595,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in the company. Advocacy Wealth Management LLC purchased a new position in DoubleLine Mortgage ETF in the 4th quarter valued at about $48,488,000. Captrust Financial Advisors purchased a new stake in shares of DoubleLine Mortgage ETF during the fourth quarter worth about $46,036,000. Osaic Holdings Inc. raised its position in shares of DoubleLine Mortgage ETF by 5.4% in the fourth quarter. Osaic Holdings Inc. now owns 781,023 shares of the company’s stock valued at $38,782,000 after buying an additional 40,253 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of DoubleLine Mortgage ETF by 1.1% in the first quarter. Bank of New York Mellon Corp now owns 727,272 shares of the company’s stock valued at $35,913,000 after buying an additional 8,150 shares during the last quarter. Finally, Evergreen Capital Management LLC raised its position in shares of DoubleLine Mortgage ETF by 2.8% in the fourth quarter. Evergreen Capital Management LLC now owns 678,314 shares of the company’s stock valued at $33,682,000 after buying an additional 18,203 shares during the last quarter.
DoubleLine Mortgage ETF Trading Down 0.1%
Shares of DMBS opened at $48.15 on Tuesday. The stock has a fifty day moving average of $48.78 and a two-hundred day moving average of $49.29. DoubleLine Mortgage ETF has a fifty-two week low of $48.07 and a fifty-two week high of $50.54.
DoubleLine Mortgage ETF Profile
The Doubleline Etf Trust – Mortgage ETF (DMBS) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed portfolio of investment grade residential mortgage-backed securities of any maturity. The fund seeks to outperform the Bloomberg US Mortgage-Backed Securities Index DMBS was launched on Mar 31, 2023 and is managed by DoubleLine.
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Want to see what other hedge funds are holding DMBS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for DoubleLine Mortgage ETF (NYSEARCA:DMBS – Free Report).
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